Machinary purchased in 19-20 but put to use in 20-21. Can additional Depreciation be claimed on such Machinary?
Is "put to use" also a condition for claim of additional Depreciation
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 17 March 2021
Yes additional depreciation can be claimed @ 20%
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 17 March 2021
In 20-21. Make sure with others also
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 17 March 2021
Yes depreciation can be claimed after the asset is put to use. Claim the additional depreciation in FY 2020-21.
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